The 34-year-old actor hopes to reprise his role as archer elf Legolas in the highly-anticipated two-part film adaptation of J.R.R. Tolkien's The Hobbit. The movies, which will be directed by Lord of the Rings trilogy creator Peter Jackson, have created a flurry of excitement surrounding cast members. Bloom says he would love to return to the fantasy franchise and continue his work alongside the talented director.

"I'm going to bet on it," he said in an interview with MTV. "But I can't really talk too much about it at the moment because it's still sort of in the ether. But I would love to go back to work with Peter Jackson. It would be an honour."

The British star famously donned a long blonde wig and prosthetic ears for his part as the elf prince. Orlando says he is happy to dig out his costume again to reprise his role.

"I'll do anything for him," he gushed when asked if he was happy to wear the outfit again for Peter Jackson.

The highly-anticipated movie is being penned by director Peter alongside Guillermo Del Toro, Fran Walsh and Philippa Boyens. Bloom, who has admitted to reading the script, says it is impressive.

"It's wonderful," he said.

The Hobbit started production last month and is set for a November 2012 release.

The film stars Martin Freeman as Bilbo Baggins. Cate Blanchett, Elijah Wood, Sir Ian McKellen and Christopher Lee are all signed on to appear in the fantasy film.